Dana Execs Request New Look At Fraud Suit Post-Janus

Law360, Los Angeles (December 5, 2012, 8:06 PM EST) -- Two former Dana Holding Corp. executives asked an Ohio federal judge Tuesday to reconsider his refusal to dismiss securities fraud claims in shareholder class action accusing them of accounting deceit in connection with a 2005 restatement.

Lawyers for former Dana Holding president Bernard N. Cole and former vice president Douglas W. Hodge asked Senior U.S. District Judge James G. Carr to dismiss two securities fraud claims, arguing that the defendants cannot be held liable under a legal theory of scheme liability brought by private litigants under...
To view the full article, register now.